Home Equity Line of Credit (HELOC)

Leverage the Value of Your Home.

Life throws a few curve balls, but you’ve got some equity in your home to help you handle home repairs, unexpected expenses or buy that must-have item. A Home Equity Line of Credit from Alliant gives you the piece of mind and spending power you need at a moment’s notice.

• Rates as low as 4.000% APR
• Revolving line of credit means you have the flexibility to borrow funds as you need, up to your credit limit
• Interest rate adjusts annually and is based on the Prime Rate plus or minus a margin
• Choose repayment terms up to 15 years
• As you pay back principal, the funds become available to use again
• Available in the following states

Alliant’s Home Equity Line of Credit features several attractive benefits that save you time and money.

• No closing costs, application, appraisal or annual fees
• Quick approval process
• Borrow up to 80% of your home’s value upon qualification*
• Potential tax savings — the interest may be tax deductible (consult your tax advisor)
• Convenient automatic payment options
• Free checks for easy access to your home equity funds

Best of all, we offer competitive rates.

*The maximum applies to all states in which Alliant offers home equity products except the following states (where the maximum LTV is 75%): AZ, CA, CT, FL, HI, MA, MD, MI, MN, NJ, NV, OH and VA.

Frequently Asked Questions

How do I choose between the different equity products?
Each type of product has specific advantages. For example, the Home Equity Line of Credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. Whereas the Home Equity Loan gives you a one-time draw, especially useful for a large initial purchase. Consult with an Alliant Home Equity specialist to find the loan that’s right for you.

Why do I need a home equity loan?
From time to time, everybody has unexpected expenses, cash shortfalls, home repairs or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home to open an Alliant Home Equity Line of Credit or Home Equity Loan. You’ll get a low interest rate and the flexibility of low monthly payments too.

How much equity do I need in my home to open an Alliant Home Equity account?
The amount of equity you currently have in your home will determine the credit limit or loan value. Consult with an Alliant Home Equity specialist to determine your estimated credit limit or loan value amount.

Member's Choice Protection

Alliant is pleased to offer MEMBER’S CHOICE™ Protection for Home Equity Loans and traditional Home Equity Lines of Credit*. By choosing this low-cost valuable payment protection for your Home Equity loan or Home Equity Line of Credit, you’ll be adding a safety net of comfort and peace-of-mind for you and your loved ones, should you encounter unforeseen financial difficulty due to disability or death.

• Provides peace-of-mind for only pennies a day
• Protects you and your family by canceling your monthly payment, up to the plan maximum, in the event of disability; or your outstanding loan balance, up to the plan maximum, in the event of death
• Shields you from loss of income with involuntary unemployment coverage
• Helps preserve your valuable credit rating
• Helps shelter you from bankruptcy, foreclosure and repossession in a difficult time
• Protection available up to age 70 on all home equity loan protection options

Home Equity Protection Options* Simply check your preferred protection package on the Home Equity Application.

Option #1: Home Equity Life Plan

• Protects up to two borrowers per loan for just pennies a day
• Protection for loss of life only
• Cancels your outstanding loan balance up to $100,000 in the event of death

Option #2: Equity Complete Plan

• Protects up to two borrowers per loan for just pennies a day
• Protection includes life, disability and involuntary unemployment
• Cancels your outstanding loan balance up to $100,000 in the event of death
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of disability
• Defers loan payments for up to six months if involuntarily unemployed

Option #3: Transitional Equity Life Plan

• Protects up to two borrowers per loan for just pennies a day
• Protection for loss of life only
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of death

Option #4: Transitional Equity Complete Plan

• Protects up to two borrowers per loan for just pennies a day
• Protection includes life, disability and involuntary unemployment
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of death
• Cancels your monthly loan payment up to twelve months or $12,000 in the event of disability
• Defers loan payments for up to six months if involuntarily unemployed

Check our fee schedule.